Is Activision Blizzard (ATVI) Playing It Safe? Analyst Weighs In

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							Overwatch’s Hanzo rework goes live today

GamesBeat Latest Overwatch’s Hanzo rework goes live today

Price T Rowe Inc Md accumulated 9.52 million shares or 0.11% of the stock. 233 rose stakes while 92 funds acquired stakes. Bank of America reduced their target price on Activision from $77.00 to $76.00 and set a "buy" rating on the stock in a report on Friday. On Tuesday, December 12 Goldman Sachs upgraded Activision Blizzard, Inc. Laurion Management Limited Partnership owns 5,500 shs or 0% of their USA capital. Citigroup restated a "positive" rating and issued a $87.00 price target (up from $78.00) on shares of Activision in a report on Monday, March 12th.

Menora Mivtachim Holdings Ltd, which manages about $2.59B US Long portfolio, upped its stake in Mellanox Technologies Ltd (NASDAQ:MLNX) by 300,000 shares to 2.13 million shares, valued at $138.08 million in 2017Q4, according to the filing. Donaldson Capital Mgmt Lc has invested 1.74% in Visa Inc. Catalyst Ltd Company, New York-based fund reported 15,200 shares.

Among 32 analysts covering Activision Blizzard (NASDAQ:ATVI), 24 have Buy rating, 0 Sell and 8 Hold. Gemmer Asset Ltd Liability has invested 0% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). Moreover, Dupont Cap Mgmt Corp has 0.02% invested in Activision Blizzard, Inc.

In a recent earnings call, CEO of Activision Blizzard, Bobby Kotick, acknowledged how much of a contender this title is while also mentioning the company's shortcomings in light of Fortnite's rapid fire success. Bnp Paribas Asset Holdings holds 330,233 shares. Richard Bernstein Advisors Limited Liability Corporation invested 0.6% of its portfolio in Johnson & Johnson (NYSE:JNJ). The Activision Blizzard, Inc. has Relative Strength Index (RSI 14) of 52.58 along with Average True Range (ATR 14) of 1.97. (NASDAQ:ATVI) shares with value of $1.40 million were sold by ZACCONI RICCARDO. Brean Capital maintained Activision Blizzard, Inc. In the last three months, insiders sold 2,701,258 shares of company stock worth $191,727,094. The ERP5 of Activision Blizzard, Inc. MA now owns 6,762,476 shares of the company's stock worth $456,197,000 after purchasing an additional 212,792 shares during the period. Wereb Stephen G also sold $8.72 million worth of Activision Blizzard, Inc. ATVI has analyst rating of 2.00 on scale of 1-5.

On Thursday, management at Activision admitted during the earnings call that Fortnite has affected and continues to affect the financials, but said that overall business continues to be strong. (NASDAQ:ATVI) earned "Buy" rating by Jefferies on Friday, August 4. Therefore 15% are positive. The company presently has an average rating of "Buy" and a consensus price target of $75.41. Activision Blizzard had 131 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Dick's Sporting Goods, Inc. The firm has "Overweight" rating given on Friday, February 2 by Barclays Capital. On Friday, February 9 Robert W. Baird maintained Activision Blizzard, Inc. The firm earned "Outperform" rating on Friday, February 9 by Credit Suisse. On Monday, January 22 the firm has "Buy" rating given by Piper Jaffray. KeyBanc Capital Markets maintained the stock with "Buy" rating in Wednesday, September 6 report. They set a "neutral" rating and a $70.00 target price for the company. The Price Index 12m for Activision Blizzard, Inc. (NASDAQ:ATVI) rating on Thursday, February 8. About 10.25M shares traded or 52.34% up from the average. ATVI is uptrending and has moved 34.46% since May 4, 2017. ATVI outperformed the S&P500 by 22.91%. The stock has a market capitalization of $50,335.21, a P/E ratio of 33.36, a P/E/G ratio of 1.80 and a beta of 1.17. The firm develops, publishes, and sells interactive software products and entertainment content through retail channels or digital downloads; and downloadable content. Although Blizzard did not give out specific numbers, it must have been popular if it had more player participation than any previous event.

While that doesn't give us any indication that Black Ops IV will feature a battle royale mode, we have no doubt that Activision will release some kind of game that features that mode sometime later this year.

Video game stocks are seeing volatile trading today, with Trade-Alert citing the early release of Activision Blizzard, Inc. "(ATVI), Arista Networks Inc (ANET) and Twitter Inc (TWTR)" on May 04, 2018. Most active is the weekly 5/4 63-strike put, and it looks like new positions are being purchased for a volume-weighted average price of $0.43.

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